Trade the Volatility | SchoolOfTrade Newsletter 04/21/16
Crude Oil is bearish this evening trading inside a range as it tries to finish rotation to the lows of a bear channel and complete a measured-move target for the sellers. E-mini S&P is quite similar to crude oil this evening with a bearish trend and trying to complete its rotation down to the lows of a bear channel and a triple measured-move tomorrow. Gold is bearish with a spike & channel and a possible larger bear channel, which gives the sellers plenty of trading opportunities to work with tomorrow, but we're only a few pushes away from a triple measured-move so the buyers will be ready as well. Euro is bearish and trading at not only the lows of a channel but also at a triple-down off the highs from earlier today, and with a short-term megaphone on the chart this evening we may see some sideways movement in tomorrow's session.
